Chuck Butler, President of EverBank® World Markets, reviews this week’s currency exchange situation – including the state of gold, the Brazilian real, the Reserve Bank of Australia’s upcoming meeting and the position of China’s renminbi – for The Daily Reckoning.

In the currency market, the dollar slipped against the euro. Late Thursday, the euro was trading at $1.3633 vs. $1.3597 on Wednesday.

Paulson heads back to congress…  BOJ cuts rates to below the US…  China to continue increasing the value of the Renminbi… And Now… Today’s Pfennig!

In the currency market, the dollar sank against the euro. Late Friday, the euro was trading at $1.2587 vs. $1.2453 on Thursday. There were no hard economic numbers out on Friday. The major news item seems to have been the belief that President-elect Obama intends to name New York Fed President Tim Geithner as Treasury Secretary.

In the currency market, the dollar rebounded powerfully against the euro. Late Tuesday, the euro was trading at $1.2507 vs. $1.275 on Monday. With no new economic data on offer, and the bond markets closed in observance of Veterans’ Day, things were subdued on the currency front.

In the currency market, the dollar edged lower against the euro. Late Monday, the euro was trading at $1.275 vs. $1.2712 on Friday. China’s state-run news agency, Xinhua, said that the government’s stimulus program will “will loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions by boosting domestic demand.”

In the currency market, the dollar plunged against the euro. Late Tuesday, the euro was trading at $1.3002 vs. $1.2641 on Monday.

In the currency market, the dollar moved higher again vs. the euro. Late Monday, the euro was trading at $1.2641 vs. $1.2751 on Friday. “There is still strong underlying demand for the U.S. dollar,” said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

In the currency market, the dollar was sharply higher against the euro. Late Friday, the euro was trading at $1.2751 vs. $1.2932 on Thursday.

In the currency market, the dollar dropped lower against the euro. Late Wednesday, the euro was trading at $1.2883 vs. $1.2707 on Tuesday.  The news of the day, which brought the dollar back from its lows vs. the euro, was the FOMC’s interest rate cut of a half-point, down to 1%.